AUD/NZD Wedging - Looking for a Break -Levels and Patterns

Price action is currently wedging in a sideways wave 4 heading towards 0.236 fib levels of the last completed 5 count elliot wave. In the past this pair like to make alost full pullbacks so I could see it heading down to said levels breaking this wedge to the downside wave 5 short. I will not be taking the trade until i see a direction out of this current structure but bias is short until major cycle is complete. indicators are choppy and showing signs of sideways movement , looking for overbought or oversold signals at wedge tr support/resistance to play the breakout.

Bình luận:

Bình luận:

cypher abcd complete and looking for a small extension downward into lower channel wedge support to continue the structure until later this week